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1. Small mistakes are the stepping stones to large failures. How might this saying apply to this lesson, as well as do you agree? In the response, provide an example of a seemingly small mistake with large consequences.
2. Why knowing or estimating the product demand as well as so crucial for a firm? In the response, include an example of a business that has suffered from poorly estimating the demand as well as of its products. Evaluate how or why the business made such a mistake.
3. Honda uses flexible plants in the manufacturing of its cars. Discuss whether this method of production results in optimum output.
4. Discuss whether economies of scale have any relevance to such companies as Wal-Mart.
5. In the hope of high returns, venture capitalists provide funds to finance new (start up) companies. However, potential competitors as well as structures of the market into which the new firm enters are extremely important in realization of profits. Among different market structures, which one do you believe provides the highest possible return for a new company as well as why?
Pretentious that yields for each stock are around generally distributed, with which investment strategy do you have the smallest chance of losing money?
Consumers buy from the lowest price firm, and the highest price firm sells nothing. If the firms pick the same price, they split the market demand equally.
How would equal educational achievement and equal income.
If income rises from 1000 to 1800 and consumption rises from 1100 to 1700 the marginal propensity to save.
Determine the new equilibrium price and quantity and how much tax revenue does the government earn with $6 tax.
Describe how a developing - emerging economy can benefit from trade with a wealthy country even if it has no absolute advantages.
Country Z is a developing country that is facing problems of deforestation.
What, how and for who apply to the following the economic decision. Should the company makes its own spare parts or buy them from an outside vendor.
By what percentage would GDP be boosted if the value of the services of stay-at-home spouses were included in GDP
Assuming that land and labour are complements in a farming production function, what would happen to the wages earned by workers and the rents earned by landowners in Texas.
Calculate the firm's optimal output and profits if prices rise to $65 per unit and also calculate equilibrium output, price and profit levels if the firm is typical in its industry.
Can you think of circumstances in which each industry would exhibit the same capital-labor ratio in both countries.
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